Exhibit 5.1
| | | | | | |
| | 12670 High Bluff Drive | | |
| | San Diego, California 92130 |
| | Tel: +1.858.523.5400 Fax: +1.858.523.5450 |
| | www.lw.com | | | | |
| |

| | FIRM / AFFILIATE OFFICES |
| Abu Dhabi | | Milan | | |
| | Barcelona | | Moscow | | |
| | Beijing | | Munich | | |
| | Boston | | New Jersey | | |
June 16, 2014 | | Brussels | | New York | | |
| | Chicago | | Orange County | | |
| | Doha | | Paris | | |
| | Dubai | | Riyadh | | |
| | Düsseldorf | | Rome | | |
| | Frankfurt | | San Diego | | |
| | Hamburg | | San Francisco | | |
| | Hong Kong | | Shanghai | | |
Ignyta, Inc. 11095 Flintkote Ave., Suite D San Diego, CA 92121 | | Houston | | Silicon Valley | | |
| London | | Singapore | | |
| Los Angeles | | Tokyo | | |
| Madrid | | Washington, D.C. | | |
Re: Registration Statement on Form S-8 with respect to 2,643,488 Shares of
Common Stock, par value $0.0001 per share
Ladies and Gentlemen:
We have acted as special counsel to Ignyta, Inc., a Delaware corporation (the “Company”), in connection with its filing on June 16, 2014, with the Securities and Exchange Commission (the “Commission”) of a Post-Effective Amendment No. 1 to Registration Statement on Form S-8 (Registration No. 333-195068) (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Act”), relating to the issuance of an aggregate of 2,643,488 shares of common stock, $0.0001 par value per share (the “Shares”), which may be issued pursuant to the Ignyta, Inc. Amended and Restated 2011 Stock Incentive Plan, as amended (the “Stock Plan”), and the Ignyta, Inc. Employment Inducement Incentive Award Plan (the “Inducement Plan”, and together with the Stock Plan, the “Plans”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement, other than as expressly stated herein with respect to the issue of the Shares.
As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein only as to the General Corporation Law of the State of Delaware, as amended (the “DGCL”), and we express no opinion with respect to any other laws.
Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the purchasers, and have been issued by the Company for legal consideration in excess of par value in the circumstances contemplated by the Plans, assuming in each case that the individual grants or awards under the Plans are duly
June 16, 2014
Page 2

authorized by all necessary corporate action and duly granted or awarded and exercised in accordance with the requirements of law and the Plans (and the agreements and awards duly adopted thereunder and in accordance therewith), the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the DGCL.
This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.
Very truly yours,
/s/ Latham & Watkins LLP